FINANCIAL NEWS

Petronas seals deals to enhance co-op with Saudi Arabia

23 Apr 2017

(MENAFN) Malaysia’s pioneering oil and gas giant, Petronas sealed many deals with Saudi Arabia, which inked a deal with Saudi Arabia’s Unified Lubricants Co. to distribute high-quality engine oils.

Recently, the firm also inked a deal with Saudi Aramco in late Feb this year, while the Saudi Arabian Oil Co. will have an equity share in the Refinery and Petrochemical Integrated Development project.

Accordingly, the tie between Petronas and Saudi Arabia sets the Kingdom”s position as a major player in the global economy, in line with Saudi Vision 2030.

The Malaysian firm is also a technical partner to Mercedes AMG Petronas Motorsport and co-engineered a new range of customized fuel and lubricants to offer a competitive edge on track.

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MENAFN2304201700450000ID1095410890

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